CZ Says Binance’s SpaceX Stake Was Not Meant to Pressure Musk

Binance founder CZ said Oct. 31 he cited the exchange’s SpaceX stake to address comparisons with FTX and questions about Binance’s finances, rejecting the suggestion that he meant to pressure Musk. CZ said he had not threatened anyone or said Binance would sell the shares. He said he mentioned the holding to show Binance has assets outside cryptocurrency. He described the stake as tiny compared with SpaceX’s overall scale and said it could not amount to a threat. CZ previously said Binance invested $500 million when Musk acquired Twitter.

Source: TokenPost